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Canada’s housing market to ‘remain subdued’ for rest of year: CMHC

Calgary Herald · August 13, 2026 at 10:30 a.m.

Slow population growth, high borrowing costs and economic uncertainty are likely to continue weighing on Canada’s housing market for the remainder of 2026, a new report has forecast.

Canada Mortgage and Housing Corp. released its 2026 Housing Market Outlook Mid-Year Update in late July, noting that several market and economic headwinds will dampen demand for housing across 18 major municipalities for the rest of this year.

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Canada’s housing market to ‘remain subdued’ for rest of year: CMHC

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